Solana

Solana is an open source project implementing a new, high-performance, permissionless blockchain. Solana is a general purpose blockchain similar to Ethereum. End user applications as of now include decentralized finance (DeFi), non-fungible tokens (NFT), marketplaces, games, and more. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.

Solana co-founder Anatoly Yakovenko published a whitepaper describing Proof of History, a technique that would become critical to Solana's blockchain infrastructure, in Nov. 2017. 

Co-founder Greg Fitzgerald, who had worked with Yakovenko at Qualcomm, began prototyping the open source implementation of the whitepaper. It was published under the name Silk in 2018. 

After starting the company under the name Loom, Yakovenko, Fitzgerald, and other co-founders rebranded to Solana. Solana launched on Mainnet Beta in March 2020.

Solana was built to facilitate the development of scalable, user-friendly decentralized apps with low costs and high speeds for transactions.

Solana believes its unique blockchain architecture that combines the proof-of-stake consensus mechanism and its own proof of history mechanism is the key to achieving these goals.

Proof of history works almost like a cryptographic timestamp that proves that an event has occurred at a specific time. It enables the blockchain to work fast while maintaining security and decentralization.

There are about 304 million SOL in circulation as of November 2021. Solana has an initial inflation rate of 8%, which will decrease by 15% a year until it reaches a long-term inflation rate of 1.5%. SOL is Solana’s native token.

Solana competes with other blockchain platforms such as Ethereum and Avalanche to host crypto projects such as NFTs, decentralized exchanges, and gaming. 

Developers and users flocked from Ethereum to Solana due to high transaction costs, but many could gravitate back towards Ethereum if it manages to lower costs, which could happen as a result of the Ethereum 2.0 upgrade and layer 2 rollups. 

Solana.com
Docs.solana.com/history
Forums.solana.com

Prices of Solana's SOL are up nearly 600% over the past year, CoinGecko data shows.

Pantera Looks to Purchase Discounted Solana Tokens With New Fund: Bloomberg

Bonk

dogwifhat

Soaring meme coin trading volumes pushed Solana's native coin, SOL, back to the 2-year high it saw on Tuesday when Bitcoin was rallying.

Solana Regains 2-Year High as BONK, WIF Meme Coin Volume Surges

Ethereum

Interest in ETH and SOL has increased substantially over the past few months and the ETPs will contribute to greater access to staking rewards for a wide audience, Figment said.

Figment, Apex to List Ether and Solana Staking ETPs on SIX Swiss Exchange

Figment Europe and Apex Group are set to launch Ethereum and Solana staking ETPs on the SIX Swiss Exchange next week via Issuance.Swiss AG.

Figment and Apex Group set to launch Ethereum and Solana staking ETPs

Solana's memecoin Dogwifhat (WIF) briefly flipped Bonk (BONK) as the network's leading memecoin by market capitalization.

Dogwifhat Briefly Surpassed Bonk To Become Most Valuable Solana Memecoin

Dogecoin

A crypto strategist who accurately called the bottom of Bitcoin's (BTC) 2018 bear market says he's bullish on a duo of memecoins including Dogecoin (DOGE). Pseudonymous analyst Bluntz tells his 244,200 followers on the social media platform X that dogwifhat (WIF) continues to flash signs of strength even after a marketwide correction.

Top Analyst Predicts More Rallies for Solana-Based Memecoin, Says Next Leg up Coming for Dogecoin (DOGE)

Degens who caught the newest Solana meme coin sensation—led by “Jeo Boden”—early this week are currently sitting on well over 100x returns.

Goofy Biden and Trump Meme Coins Are Skyrocketing on Solana

The digital asset known as maga (TRUMP) has experienced significant appreciation, while a newer cryptocurrency, jeo (BODEN), has seen its value skyrocket by 1,597%, as per data from coinmarketcap.com. In the last 24 hours alone, BODEN has witnessed trading volume amounting to $34.50 million on decentralized exchange platforms such as Raydium and Orca.

Solana's BODEN Token, Nodding to Joe Biden, Sees Major Uptick After TRUMP Coin Rally

Shiba Inu

Myro (CRYPTO: MYRO), Solana's latest Dogcoin star, recorded a 248.5% weekly gain, amid multiple exchange listings. What Happened: The official handle of Myro announced that it will be listed on cryptocurrency exchange HTX Global for Perpetual Futures trading with up to 20x leverage.

'Shiba Inu Of Solana' Myro Prints 250% Weekly Gain: Trader Predicts 'It's Gonna Go Parabolic'

It's a dog coin battle on Solana as BONK and WIF swap spots, if only temporarily. Will Dogwifhat take a permanent lead?

Solana's New Top Dog? Meme Coin Dogwifhat Flips BONK for First Time

A new breed of meme coins have spawned on Solana this week with speculators hopping on a new wave of cartoonish coins focused around politicians and celebrities.

Biden and Trump-Themed Meme Coins Take Center Stage on Solana

Solana-based memecoin dogwifhat has gained over 50% since its listing on Binance yesterday to reach a new all-time high of around $2.16.

Solana-based memecoin dogwifhat hits all-time high following Binance listing

Dogwifhat is still riding high after it was listed on Binance earlier this week. Could it flip fellow Solana meme coin BONK?

Solana Meme Dogwifhat Reaches $2 Billion Market Cap—Could It Flip BONK?

Some meme coins are surging in anticipation of more exchange listings in the coming months.

Solana Meme Coin Dogwifhat Surges 48%, Outperforming BONK, DOGE

The price of Solana (SOL) has regained its positive momentum and has risen above the 21-day SMA to resume its uptrend. Price analysis by Coinidol.com.

Solana Holds Above $130 And Reaches Overbought Status

Solana (CRYPTO: SOL) has been on an uptrend since October 2023, gaining 21% in the past week. What Happened: Solana is down 1.4% in the past 24 hours, trading around $127 at the time of writing.

What Is Going On With Solana?

A red-hot Solana (SOL)-based memecoin continues to soar after earning a listing by top crypto change Binance. According to a new announcement, Binance is launching perpetual futures trading for Myro (MYRO), a dog-themed memecoin built on the Solana blockchain.

Solana-Based Memecoin That's Up 13,370% Since November Continues Explosive Rally After Binance Listing

Solana-based DePIN project io.net has hit a $1 billion token valuation in the latest funding round batch, two sources told The Block.

Solana-based DePIN io.net hits $1 billion token valuation in latest funding round

A trader's $310 investment into the Solana (SOL)-based memecoin dogwifhat (WIF) is now valued at more than $4.1 million, according to the crypto tracker Lookonchain. Lookonchain notes the trader used 5.288 SOL worth $310 to buy 2.58 million WIF in late November. The value of that WIF has since skyrocketed by 13,307x.

Trader Turns $310 Into $4,100,000 Being Early Into Solana Memecoin Dogwifhat (WIF): Lookonchain

Bitcoin

Last week's ETHDenver conference drew a significant presence from developers and reps of blockchain ecosystems beyond Ethereum, taken as a sign of just how influential the second-largest distributed network has become.

Bitcoiners, Solana Acolytes Crash Ethereum Conference in Denver – for a Reason

Solana-based decentralized exchanges (DEXs) witnessed a record-breaking week.

Solana's Weekly DEX Volume Surpasses $11B, Hitting Record High

Traders swapped over $11 billion worth of digital assets on Solana last week, smashing through a previous record set in December.

Solana Weekly DeFi Trading Sets All-Time High Above $11 Billion

In early trading, Wormhole's W token has five times the value that it held last month.

Wormhole Airdrop on Ethereum and Solana Could Be Worth Almost $3 Billion

Even as Bitcoin (CRYPTO: BTC) is just about 5% from its all-time highs, Solana's (CRYPTO: SOL) blockchain has unleashed a new wave of excitement with its meme coins, Bonk (CRYPTO: BONK) and Dogwifhat (CRYPTO: WIF), capturing the market's attention with their astonishing rallies. These digital assets, emerging over the last year, have quickly drawn comparisons to the meteoric rises of Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) during the cryptocurrency bull run of 2021.

Meme Coin Mania: Can Solana's BONK, WIF Topple Dogecoin And Shiba Inu?

While Bitcoin (CRYPTO: BTC) hit a new all-time high against the euro on Monday, the memecoin market experienced a significant rally, exceeding a $52 billion market capitalization within 24 hours. What Happened: Leading memecoins like Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), and PepeCoin (CRYPTO: PEPE) saw impressive gains, with Dogecoin and Shiba Inu exceeding 18%.

News for Solana Crypto (SOL)